Miami led all large U.S. hotel markets through the first seven months of the year based on growth in average daily rates from pre-pandemic levels. The average daily rate, or ADR, is the average price of one hotel room for one night. Rate growth in Tampa, Florida, trails only Miami, giving Florida the two best-performing large markets in the country.
Hotel Room Rates in Miami Have Nearly Doubled the Rate of Inflation Since 2020
Room Rates in Tampa Are Expected To Decline in 2023, Orlando Should Remain Steady Next Year
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